Champion Iron Limited (TSE:CIA - Get Free Report) was down 1.4% during trading on Thursday after Scotiabank lowered their price target on the stock from C$6.75 to C$6.50. Scotiabank currently has a sector perform rating on the stock. Champion Iron traded as low as C$4.91 and last traded at C$4.92. Approximately 64,094 shares changed hands during mid-day trading, a decline of 82% from the average daily volume of 364,991 shares. The stock had previously closed at C$4.99.
A number of other equities analysts also recently commented on the stock. Desjardins raised shares of Champion Iron to a "moderate buy" rating in a research note on Thursday, October 31st. Raymond James set a C$8.00 price objective on Champion Iron and gave the company an "outperform" rating in a report on Thursday, January 2nd. Citigroup raised Champion Iron to a "strong-buy" rating in a research note on Sunday, January 19th. TD Securities decreased their price target on Champion Iron from C$8.00 to C$7.00 and set a "buy" rating on the stock in a research note on Friday, November 1st. Finally, B. Riley raised Champion Iron to a "strong-buy" rating in a research report on Tuesday, January 21st. One research analyst has rated the stock with a hold rating, two have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Buy" and a consensus price target of C$7.44.
Get Our Latest Analysis on Champion Iron
Champion Iron Stock Performance
The stock's fifty day simple moving average is C$5.23 and its 200-day simple moving average is C$5.45. The company has a market capitalization of C$2.58 billion, a price-to-earnings ratio of 8.74, a price-to-earnings-growth ratio of -1.35 and a beta of 1.39. The company has a current ratio of 2.42, a quick ratio of 2.01 and a debt-to-equity ratio of 42.65.
Champion Iron (TSE:CIA - Get Free Report) last released its earnings results on Thursday, October 31st. The company reported C$0.04 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of C$0.11 by C($0.07). Champion Iron had a net margin of 17.64% and a return on equity of 22.52%. During the same period in the previous year, the business earned $0.12 earnings per share. Analysts predict that Champion Iron Limited will post 0.5958254 EPS for the current year.
Champion Iron Company Profile
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Champion Iron Limited engages in the acquisition, exploration, development, and production of iron ore deposits in Canada. Its flagship projects include the Bloom Lake Mine located in south end of the Labrador; the Consolidated Fire Lake North project that includes the Fire Lake North, Don Lake, Bellechasse, and Oil Can deposits situated in Quebec; and the Kamistiatusset project located in the Labrador.
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